Problem regarding the triangle arbitrage

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Reference no: EM131041199

The exchange rates in New York for $1 are C$1.2675 and £0.6882. A dealer is offering the following quote: C$1 will buy £0.8722. What is the profit you can earn on $19,632 using triangle arbitrage?

Enter your answer round off two two decimal points.

Reference no: EM131041199

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